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Binance Labs Invested In Blockchain Salus Security

Binance Labs, the incubator and investment arm of the world’s largest cryptocurrency exchange, announced an undisclosed investment in Salus Security, which delivers blockchain smart contract audits and automated smart contract vulnerability identification.

Binance Labs said on Monday that it led the initial investment round for Salus Security, but did not disclose the amount raised. Yi He, Co-Founder of Binance and Head of Binance Labs, said in the statement:

“At Binance, security has always been a priority and we’re on the continued lookout for service projects that offer innovative security solutions to resolve pain points currently facing the blockchain ecosystem.”

Yi He said that she has ambitious goals for the venture capital department, which oversees $7.5 billion in assets across over 200 projects.

Binance co-founder Yi He

Yi He stated that difficult economic times are ideal for spotting interesting ventures to invest in. Binance intends to invest in Web 3.0 initiatives ranging from infrastructure, application, and data to analytics and security, according to her.

Recently, Binance Labs also announced an investment in the Layer-1 Aptos blockchain platform.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.